Overdrafts

A simple but a speedy solution to meet the working capital requirements of your business.

It could take the form of a revolving permanent  facility fluctuating under a set specific financial limit or a “one off” facility linked to seasonal needs.

With an overdraft at your disposal you’ll be able to keep financial constraints and contingencies at bay and ensure compliance with commitments on time through assured liquidity.

Interest  is calculated daily on the outstanding balance  and charged to the account  monthly rewarding  benefits on savings of interest cost as  you would pay only on the utilized  amount. 

Period and the size  of the overdraft facility could be determined to match your cash flow forecasts.

Companies who are interested in investing  their excess funds in high interest yielding instruments are supplied with BOC I Net facility to get the maximum benefit.